The Ministry of Finance has officially approved unlimited investment in digital prize bonds, as per a recently issued notification outlining their registered draft rules.
According to the notification, transactions for these bonds will be facilitated through a mobile app, ensuring ease of investment and accessibility. While taxes will be applicable on prize money, Zakat will not be deducted.
Key highlights of the digital prize bonds include:
- No maximum investment limit – any adult Pakistani citizen can invest.
- No transfer of ownership or pledging is permitted.
- In case of an investor’s death, the bond value will be transferred to legal heirs based on the succession certificate.
Would you like further insights on how digital prize bonds compare to traditional investment options in Pakistan?
